IT'S 'business as usual' at Coventry City following the shock resignation of managing director Paul Fletcher.

That's the bullish verdict of the club's top brass as they prepare for their first full week of red hot rudderless ship action.

A CCFC spokesperson told Sky Blue Tuesday that Fletcher's exit will have 'little or no repercussions' for the club.

He said: "I can understand that many fans view the managing director's resignation as some kind of indicator that the club is in big, big trouble.

"But really, nothing has changed with this departure, nothing at all.

"The club at boardroom level is in turmoil.

"The takeover talks continue to drag like a slug that's lost its slime.

"Attendances are poor, there's no money available for the manager to strengthen his squad and dark rumours that the club is on the brink of administration refuse to go away.

"On top of that, fans are once again wondering where all the money has gone and why all senior executives have to sign a confidentiality clause to bar them from revealing what they really know about the true state of the club's finances.

"So it really is business as usual."

There is still considerable confusion as to exactly why Fletcher decided to walk, but those tortuously slow takeover talks seems to have been a major factor.

Depending on who you believe, Fletcher stormed out of the club because:

* He was snubbed by American suitors Manhattan Transfer.

* He was snubbed by the city council.

* The city council snubbed American suitors Manhattan Transfer.

* There was a mass snubbing, American or otherwise, once everyone realised that buying CCFC made no financial sense whatsoever.

Some fans hope that Fletcher will return bruised but triumphant, like a footballing Rocky Balboa, at the helm of the club when a snubbed suitor snubs the snubs and actually buys the bloody club.

But the spokesperson insisted that all the recent upheaval has only served to confirm that some things never change.

"We have achieved a level of continuity at this club that others can only dream of - we're still broke, we still don't own our own ground and we're still light years away from a return to the Premiership, whatever the league table might currently say.

"And I can assure fans that once the January transfer window opens, this continuity will, erm, continue when we flog Michael Mifsud for a knockdown price to keep the bank off our backs until the end of the season."

Mr Fletcher was unavailable for comment, unless you were in the away end at Molineux.